How Did the UK Election Become a Close Race?

When Britain’s election campaigning began, Peter Anthony, a candidate for the Conservatives, was hopeful that he could win in Blackpool, a working class town on England’s north-west coast. Though the seat he is standing for has been held by left-leaning Labour for 20 years, Anthony felt change was in the air.

“I’m very optimistic,” he said last month, adding that the response he was getting from voters was “completely different” from the election in 2015.

Early polls suggested the centre-right Conservatives, led by Prime Minister Theresa May, could achieve an overall landslide, possibly even a majority as decisive as those held by Margaret Thatcher, Britain’s first woman prime minister from 1979 to 1990.  

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.